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fxJun 10, 2026, 7:47 AM

UOB Analysts See Further GBP/USD Downside Risk Toward 1.3240

UOB's Quek Ser Leang and Lee Sue Ann warn of additional downside pressure on GBP/USD following last week's sharp decline, with potential to retest 1.3300 before extending losses toward 1.3240.

GBPUSD

UOB Group analysts Quek Ser Leang and Lee Sue Ann have issued a bearish note on the British pound, warning that further downside risk remains for GBP/USD toward the 1.3240 level. The pair is under continued pressure after last week's sharp plunge, according to the analysts.

The forecast suggests that GBP/USD may test the 1.3300 support level again in the near term before potentially extending losses. The analysts caution that a break below 1.3300 could open the door for a move toward 1.3240.

No specific catalysts were mentioned in the source post, but the outlook aligns with ongoing dollar strength and persistent economic headwinds facing the UK economy.

Source: FXStreet Forex News